Question

16. Demand analysis and forecasting occupies a ________ role in managerial economics

Answer 1

Demand analysis and forecasting occupies a major role in managerial economics.

Answer 2

Concept

Management economics is a discipline of economics that deals with the use of economic methods in managerial decision-making. Economics is the study of how products and services are produced, distributed, and consumed.

Given

Demand analysis and forecasting occupies a ________ role in managerial economics.

Find

We are asked to fill in the blank.

Solution

Demand analysis and forecasting occupies a major role in managerial economics.

Hence the blank will be filled by major.